* Q1 EPS 14 cts versus loss of 46 cts/shr year ago
* Revenue up 3.5 pct to $1.4 bln
(Adds analysts forecast)
NEW YORK, April 28 Packaging producer
MeadWestvaco Corp MWV.N posted better-than-expected
first-quarter profit on Wednesday, helped by rising sales
volumes and lower costs.
The company reported net income of $24 million, or 14 cents
per share, compared with a year-earlier loss of $79 million, or
46 cents per share.
Excluding one-time items, the company posted earnings per
share of 11 cents, topping the breakeven mark that analysts had
on average forecast, according to Thomson Reuters I/B/E/S.
Revenue rose 3.5 percent to $1.4 billion, but fell slightly
short of the $1.45 billion that analysts had forecast.
Overall demand trends were improving, the company said in a
statement, but the pace of the recovery in the United States
into the second half of the year remained uncertain.
(Reporting by Matt Daily and Ernest Scheyder; Editing by
Lisa Von Ahn, Dave Zimmerman)